By Devika Patel
Knoxville, Tenn., Jan. 17 - South Asian Petrochem Ltd. informed the Bombay Stock Exchange that it priced an issue of $20 million in zero-coupon unsecured foreign currency convertible bonds at an allotment committee meeting on Jan. 16.
The notes were offered at par of $100,000 each and carry a conversion price of Rs. 22.50 and a yield to maturity of 6.35%.
The offering was managed by Silverdale Services Ltd.
Based in Kolkata, India, South Asian Petrochem is a manufacturer of bottle-grade polyethylene terephthalate resin.
| Issuer: | South Asian Petrochem Ltd.
|
| Issue: | Convertible bonds
|
| Amount: | $20 million
|
| Coupon: | 0%
|
| Price: | Par of $100,000
|
| Yield: | 6.35%
|
| Conversion price: | Rs. 22.50
|
| Manager: | Silverdale Services Ltd.
|
| Pricing date: | Jan. 16
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
